NEW YORK, Nov. 21, 2011 /PRNewswire/ -- EDGAR® Online,
Inc. (NASDAQ: EDGR), a premier provider of fundamental
financial data, analytics and disclosure management services, today
announced that it has increased revenue growth guidance to be in
excess of 35 percent in 2011 over 2010. The company continues
to target annual revenue growth in excess of 25 percent in 2012 and
2013.
Additionally, the company has implemented certain operational
and organization structural changes. As a result of these changes,
management believes that the company has sufficient capital
resources to fund working capital, capital expenditures and debt
obligations for the next 12 months.
About EDGAR Online
EDGAR® Online (NASDAQ: EDGR) provides financial data,
analytics and disclosure management solutions to help corporations
and institutional investors facilitate compliance and management of
regulatory disclosure filings. In addition to developing a variety
of unique as-reported and normalized data sets, EDGAR Online is an
industry leader in XBRL (eXtensible Business Reporting Language)
processing. Thousands use the company's solutions, including U.S.
public companies, mutual funds, leading financial analysts and
institutional investors, as well as global regulators such as the
FDIC, Banque de France and the
U.S. Securities and Exchange Commission. The company delivers its
solutions, including UBmatrix® XBRL software solutions, through an
extensive network of partners, including LexisNexis®, NASDAQ OMX,
Oracle, PR Newswire, RR Donnelley and SAP.
EDGAR® is a federally registered trademark of the U.S.
Securities and Exchange Commission. EDGAR Online is not affiliated
with or approved by the U.S. Securities and Exchange
Commission.
Use of Forward-Looking Statements
This press release may contain forward-looking statements. These
statements relate to future events or to future financial
performance and may include, without limitation, statements
regarding our future growth prospects, future demand for our XBRL
products/services and future innovations in our data and solutions
and subscriptions businesses. These forward-looking statements
involve known and unknown risks, uncertainties and other factors
that may cause our actual results, levels of activity, performance,
or achievements to be materially different from any future results,
levels of activity, performance, or achievements expressed or
implied by these forward-looking statements. In some cases, you can
identify forward-looking statements by the use of words such as
"may," "could," "expect," "intend," "plan," "seek," "anticipate,"
"believe," "estimate," "predict," "potential," or "continue" or the
negative of these terms or other comparable terminology. You should
not place undue reliance on forward-looking statements because they
involve known and unknown risks, uncertainties and other factors
that are, in some cases, beyond our control and that could
materially affect actual results, levels of activity, performance,
or our growth strategy. For further information about the factors
that could affect EDGAR Online's future results, please refer to
our filings with the Securities and Exchange Commission. We assume
no obligation to publicly update or revise these forward-looking
statements for any reason, whether as a result of new information,
future events, or otherwise.
SOURCE EDGAR Online, Inc.